Forex Trading Glossary Q-R Quote A price quote that includes a bid and ask (offer) price. Quote Currency (Pricing Currency) The second currency in a currency pair. The quote currency is used to price the...
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Tag: risk/reward ratio
The 10 Commandments of Risk Management for Traders There are few maxims in trading held at all times and for all traders, but at least one concept will always be relevant to every trader. That concept...
PERFORMANCE Practice the philosophy of continuous improvement. Get a little better every day. Increase your performance. 05 SCHEDULE A REGULAR PERFORMANCE REVIEW Collecting data is all fine and good. But it’s only useful when studied. Regular...
TRADE PREPARATION Give me six hours to chop down a tree and I will spend the first four sharpening the axe. A B R A H A M Â L I N C O L N 01...
Everybody loses money when trading at some point. It is an unavoidable part of the business. What separates the best traders from the rest is their ability to analyze your trading losses, learn from them, and move...
Setting Your Risk-Reward Ratio It is reasonable and a good idea to set up a risk to reward ratio for each trade that you enter. Knowing ahead of time how much you stand to gain versus how...
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader. We’ll also...